The 2018 China 45: Firms Find Order Amid Chaos
Despite fraught international relations, Chinese firms are breaking through globally.
September 25, 2018 at 06:00 PM
8 minute read
Law Firm Competition
Growing trade tension with the United States and a slowdown in cross-border mergers and acquisitions have not curbed the growth of China's largest law firms. Quite the contrary. Those firms saw steady financial growth in 2017.
For the first time, two law firms that have more than three-quarters of their lawyers based in mainland China are on the Global 100 revenue ranking: Yingke Law Firm with $445.6 million at 97th and Zhong Lun Law Firm with $444 million at 98th.
The two firms take third and fourth place, respectively, on our ranking of the top-grossing Chinese firms, which has expanded to a total of 45 firms with $7.43 billion in total revenue. Not surprisingly, Dentons tops the list with $2.36 billion in global revenue, while Sino-Australian giant King & Wood Mallesons, recovering from a major crisis in Europe, remains at second with $1.07 billion in revenue.
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